Swiggy Limited — PPTs, 06-08-2026: Investor Presentation

**Business Performance:** Swiggy kicked off Q1FY27 with B2C Gross Order Value (GOV) up 28% YoY to ₹18,926 Cr, driven by 27% growth in monthly users. Food Delivery's GOV rose 17% to ₹9,490 Cr, boosting Adjusted EBITDA margin to a strong 3.1%. Instamart surged 40% in GOV to ₹7,907 Cr, reaching near contribution breakeven at -0.2%. Out-of-Home consumption also became profitable with 45% GOV growth.

**Growth Drivers or Strategy:** A key focus is "Innovate & Expand." Swiggy is betting big on "Toing," an affordability-driven food service with low prices and no hidden fees. Instamart's "Switch to Better" strategy leverages exclusive brand partnerships and its own quality brands like 'No!ce' (FMCG) and 'Nectr' (fresh produce).

**Recent Developments:** Instamart achieved contribution breakeven, a significant milestone, with Dineout also turning profitable. "Toing" is rapidly expanding across 50 cities. The company is deeply integrating AI; 78% of new code is AI-generated, enhancing user personalization, fulfillment, and partner support.

**Key Financial Metrics:** Food Delivery’s Q1FY27 Adjusted EBITDA margin jumped to 3.1%, a 4x improvement from Q1FY25. Swiggy holds a strong, debt-free balance sheet with ₹14,400 Cr in cash.

**Management Commentary / Outlook:** Swiggy aims for a ₹10,000 Cr Adjusted EBITDA by FY31 (~4% of GOV), targeting 30%+ GOV CAGR. Food Delivery is projected to hit ₹1-1.2 Lac Cr GOV and ~₹5,000 Cr Adjusted EBITDA, with Instamart aiming for ₹1.5+ Lac Cr GOV. The company forecasts impressive EPS growth to ₹30-33 by FY31.